In Maryland, what is the statute of limitations for claims arising under the Maryland Franchise Registration and Disclosure Law against Better Blend?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
In the State of Maryland only, this Disclosure Document is amended as follows:
The following is added to Item 17:
The general release required as a condition of renewal, sale, and/or assignment/transfer shall not apply to any liability under the Maryland Franchise Registration and Disclosure Law.
Any claims arising under the Maryland Franchise Registration and Disclosure Law must be brought within 3 years after the grant of the franchise.
You have the right to file a lawsuit alleging a cause of action arising under the Maryland Franchise Law in any court of competent jurisdiction in the State of Maryland.
The Franchise Agreement provides for termination upon bankruptcy of the franchisee. This provision may not be enforceable under federal bankruptcy law.
Source: Item 23 — RECEIPTS (FDD pages 43–157)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, there is a specific statute of limitations for claims arising under the Maryland Franchise Registration and Disclosure Law. For franchisees in Maryland, any claims related to this law must be initiated within a defined period to be considered valid.
Specifically, any claims arising under the Maryland Franchise Registration and Disclosure Law must be brought within 3 years after the grant of the franchise. This means that a franchisee has a three-year window from the date their franchise is granted to file any legal claims under this particular law.
This provision is important for prospective Better Blend franchisees in Maryland as it sets a clear timeframe for legal action. Franchisees should be aware of this deadline and consult with legal counsel to understand their rights and obligations under the Maryland Franchise Registration and Disclosure Law. Missing this deadline could result in the forfeiture of their right to pursue certain legal claims against Better Blend.